People Hold Money Primarily Because It

question 98

Multiple Choice

People hold money primarily because it

• A)has a guaranteed nominal return.
• B)serves as a store of value.
• C)can directly be used to buy goods and services.
• D)functions as a unit of account.

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Definitions:

Compensatory Approach

An approach where a higher score on a predictor may compensate for a low score on another.

Predictors

Variables or factors used to forecast or anticipate the outcome of a particular situation or behavior.

Unethical Selection

Practices in hiring that are morally wrong or unfair, such as discrimination based on non-job-related factors.

Personal Relationship

A connection between two or more individuals based on emotional bonds, social associations, or interactions.